1Call to Order
1.1Roll CallProcedural
2Oral Communication on Closed Session Items Only
2.1If you have public comment related to a Closed Session item, please post it on the links available under Public Content prior to the Closed Session Meeting or immediately upon the meeting opening.Information
Item details
Rationale: English: https://docs.google.com/forms/d/e/1FAIpQLSexN3rAtNYJrhCjKT0s9AG__Eq0-_iAUFPI6ID3Mo0Jn8yeGA/viewform?usp=sf_link Spanish: https://docs.google.com/forms/d/e/1FAIpQLScMO3Wo8kjGmJF7KNhihQqanOLfzfoyQ7IT904jU9QtFFF28Q/viewform?usp=sf_link Financial Impact: None at this time. Submission for Approval Prepared by: Eliana García, Administrative Assistant to the Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
3Closed Session 5:00 p.m.
3.1Conference with Real Property Negotiators, Property: 750 Bradford Street, Redwood City, CA 94063, Agency Negotiator: John Baker, Superintendent; Peter Ingram, Property Consultant; and Clarissa Canady Attorney for District, Negotiating Parties: The Sobrato Organization and Redwood City School District, Under Negotiation: Price and terms of payment of property exchange/developmentDiscussion
Item details
Rationale: Conference with Real Property Negotiators. Property: 750 Bradford Street, Redwood City, CA 94063 Agency Negotiator: John Baker, Superintendent; Peter Ingram, Property Consultant; and Clarissa Canady Attorney for District. Negotiating Parties: The Sobrato Organization and Redwood City School District. Under Negotiation: Price and terms of payment of property exchange/development. §
4Reconvene to Regular Session at Approximately 7:00p.m.
4.1Roll CallProcedural
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4.2Report Out on Closed Session from August 25, 2021Information
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5Welcome
5.1Welcome by the School Board President, Alisa MacAvoyProcedural
6Changes to the Agenda
6.1Additions, Deletions or Modifications to the agenda.Discussion
7Approval of Agenda
7.1Approval of AgendaAction
8Oral Communication
8.1If you have public comment related to a Regular Board Meeting item, please post it on the links available under Public Content prior to the Regular Board Meeting or immediately upon the meeting opening.Information
Item details
Public Comment Links: English: https://docs.google.com/forms/d/e/1FAIpQLSexN3rAtNYJrhCjKT0s9AG__Eq0-_iAUFPI6ID3Mo0Jn8yeGA/viewform?usp=sf_link Spanish: https://docs.google.com/forms/d/e/1FAIpQLScMO3Wo8kjGmJF7KNhihQqanOLfzfoyQ7IT904jU9QtFFF28Q/viewform?usp=sf_link §
9School/Community Reports
9.1Update on Summer School 2021Information
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Rationale: It is the Educational Services Department's recommendation that the Board of Trustees learn about the student and teacher experiences of the 2021 summer school program that included partnerships and opportunities for more than 900 Redwood City School District (RCSD) students. The 2021 RCSD Summer School program was focused on enrichment opportunities and high-quality science or math curriculum for all students. In the general education summer school, RCSD partnered with the Boys and Girls Club of the Peninsula to provide classes at Taft, Hoover and Roosevelt schools. The General Education program offered either FOSS Science units, Silicon Valley Education Foundation (SVEF) units or teacher written units of science investigation. The students experienced a full day program that included RCSD teachers and Boys and Girls Club of the Peninsula (BGCP) mentors teaching science investigations in the morning, and BGCP mentors providing enrichment and physical activities in the afternoons. Extended Year summer school was offered for qualifying students at Adelante Selby. Two classes of SVEF Elevate Math were also offered virtually. Financial Impact: Approximately $750,000. Submission for Approval Prepared by: Michelle Griffith, Director of Community Schools and Partnerships Approved by: John R. Baker, Ed.D., Superintendent §
10Bond Program Consent Items
10.1Approval of Bond Program Consent ItemsAction
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10.2Approval of Temporary Parking Lot Expansion Proposal for Garfield Community School with Rodan Builders, Inc.Action (Consent)
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Rationale: Rodan Builders, Inc. will prepare a select area of the field to expand the temporary parking lot at Garfield Community School. Financial Impact: $22,886.00. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.3Approval of Classroom Furniture Proposal for Orion Alternative School (Formerly John Gill Elementary School) with VircoAction (Consent)
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Rationale: Virco will provide the classroom furniture for the new two-story classroom building at Orion Alternative School (Formerly John Gill Elementary School). Financial Impact: $197,035.55 with 9.875% tax. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.4Approval of Library Furniture Proposal for Garfield Community School with Campbell KellerAction (Consent)
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Rationale: Campbell Keller will be providing the furniture for the new library at Garfield Community School. Financial Impact: $24,890.90. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.5Approval of Administration Furniture Proposal for Orion Alternative School (Formerly John Gill Elementary School) with Campbell KellerAction (Consent)
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Rationale: RDI will be providing the furniture for the new Administration Building at Orion Alternative School (Formerly John Gill Elementary School). Financial Impact: $63,169.59. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.6Approval of Robotic Floor Scrubber Proposal for Hoover Community School with TennantAction (Consent)
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Rationale: Tennant will be providing the robotic floor scrubber and 3 years of licensing for the autonomy services and software for the Hoover School Gymnasium. Financial Impact: $68,465.86. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.7Approval of Office Expenses Allowance for Bond Program Office with RGM KramerAction (Consent)
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Rationale: This is a not-to-exceed allowance for Bond Program Office reimbursables. Financial Impact: Not-to-exceed $75,000 allowance. Requested movement from Program Contingency to Project. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.8Approval of Maker's Space Furniture Proposal for Kennedy Middle School with Campbell KellerAction (Consent)
Item details
Rationale: Campbell Keller will be providing the furniture for the new Maker's Space at Kennedy Middle School. Financial Impact: $27,251.20. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.9Approval of Measure T Bond Program Tracking List of Items Under $20kAction (Consent)
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Rationale: This tracking sheet provides the School Board with all recent items $20k or under in a comprehensive list. This list will be sent to the School Board every month or two as the POs are compiled. Financial Impact: Fiscal Year 20/21 - $8,166.34 Fiscal Year 21/22 - $113,918.11 Total - $122,084.45. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
10.10Approval of Modernization and New Building Project Change Order #6 for Orion Alternative School (Formerly John Gill Elementary School) with Sausal CorporationAction (Consent)
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Rationale: Orion Alternative School (Formerly John Gill Elementary School) Modernization & New Building Project Bid Package G Change Order #6 includes six potential change order (PCO), as follows: PCO 33.1 – Cost for additional blocking required following cubby design review – $1,110.66 PCO 38.1 – Additional cost incurred due to detailing revisions after stair elevation changes – $8,206.28 PCO 39.1 – Cost for installation of drinking fountain frame and plumbing rough in – $2,949.09 PCO 44 – Installation of upgraded decibel resilient flooring at new 2 nd floor classroom – $25,321.15 PCO 47 – Additional cost incurred due to resilient underlayment replacement at Building A – $7,476.34 PCO 48.1 – Cost for field modification (cut in half) of 18 metal plates due to conflict with CMU wall – $956.62 Financial Impact: $46,020.14. Within budget. Submission for Approval Prepared by: Don Dias, Bond Program Director Approved by: John R. Baker, Ed.D., Superintendent Our adopted rules of Parliamentary Procedure, Robert’s Rules, provide for a consent agenda listing several items for approval of the Board by a single motion. Most of the items listed under the consent agenda have gone through Board subcommittee review and recommendation. Documentation concerning these items has been provided to all board members and the public in advance to assure an extensive and thorough review. Items may be removed from the consent agenda at the request of any board member. §
11Bond Program Action Items
12Discussion Items
12.1Presentation Regarding Trustee Area Redistricting RequirementInformation
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Rationale: Starting with the November 2018 election, the School District moved from an "at-large" Board of Trustees elections system to a "by-trustee area" elections system. Voters now elect their Trustees based on the specific area in which the voter lives. When the School District made this switch it adopted a boundary map for these trustee areas that was based on the census data available at that time. The United States Census Bureau recently began its staggered release of the data from the 2020 census. For school districts using trustee area elections to elect their governing boards, the release of this data will trigger the need to examine, and potentially re-draw, the trustee areas based on population changes. Unlike the process to transition from at-large to by-trustee area elections, the procedure for adjusting trustee areas following release of the census data does not require a specific process, although it must be accomplished by March 1, 2022. The School Board will receive a presentation from legal counsel regarding the redistricting requirement and anticipated process to fulfill the requirement. Financial Impact: None at this time. Submission for Approval Prepared by: John R. Baker, Ed.D., Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
12.2Discussion on the 2021-22 School YearDiscussion
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Rationale: Superintendent Baker and Administration will address the School Board with an update regarding the 2021-22 school year. Financial Impact: None at this time. Submission for Approval Prepared by: John R. Baker, Ed.D., Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
13Consent Items
13.1Approval Consent ItemsAction
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13.2Approval of Membership to the Citizen's Oversight Committee for Measure UAction
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Rationale: On November 8, 2016, local voters approved Measure U, an $85 million educational parcel tax to improve local elementary and middle school education for all students with funds that remain under local control. As stated in a resolution approved by the RCSD School Board on June 22, 2016, funds from Measure U are used to enhance reading, writing, math, and science skills; attract and retain qualified teachers; and support arts and music programs. The resolution approved by the Board for Measure U requires reporting and oversight, including formation of a Citizens' Oversight Committee. The committee as a whole is comprised of three (3) parents/guardians of students currently attending an RCSD school, three (3) community members who do not currently have children enrolled in the district, and one (1) local business owner. The seven-member committee meets at least two times every calendar year. The responsibilities of the committee members shall be to: 1. Ensure that all funds generated by Measure U are spent in accordance with the ballot language, and that no funds are spent on administrator salaries; 2. Review Measure U expenditures by each school and determine if they comply with the Measure U ballot language, and the school's stated intention, as approved by the School Board each year; 3. Provide a report to the Board each year that states whether all expenditures are in accordance with the Measure U ballot language and in compliance with the Board-approved intention for use by each school. There are currently two (2) vacancies on the Citizens' Oversight Committee for Measure U: one (1) for a Parent/Guardian and one (1) for a Community Member. RCSD has posted the vacancies; however, there were no applicants for the Community Member category. The district will continue to seek qualified candidates for this membership category. The Administration recommends the appointment of Ms. Nicole Caldwell to fill the Parent/Guardian membership vacancy for the Measure U Citizen's Oversight Committee. Financial Impact: None. Submission for Approval Prepared by: Priscilla Aquino Dichoso, Chief Business Official Approved by: John R. Baker, Ed.D., Superintendent §
13.3Approval of School Assignments and School Committee Assignments for Board Members for the 2021-22 School YearAction
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Rationale: The School Board will approve the school assignments and school committee assignments for board members for the 2021-22 school year. This agenda item was discussed at the August 11th board meeting. Attachments: 2021-22 School Assignments for Board Members (Final); 2021-22 School Committee Assignments for Board Members (Final). Financial Impact: None. Submission for Approval Prepared by: John R. Baker, Ed.D., Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
14Public Hearing
14.1Public Hearing on the Proposed Board Policy on Independent StudyDiscussion
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This Public Hearing is being held according to California Education Code Section 51747, as amended by AB 130, and Section 11701 of Title 5 of the California Code of Regulations. The purpose of this public hearing is to provide an opportunity for parents, staff, and other members of the community to address the Board on the proposed revisions to the Board’s Policy and Administrative Regulation regarding Independent Study, including with respect to the following: • The scope of the District’s existing or prospective use of Independent Study as an instructional strategy • The District’s purpose in authorizing independent study • Factors bearing specifically on the maximum realistic lengths of assignments and acceptable numbers of missed assignments for specific populations of pupils AB 130 authorizes the District to provide Independent Study for a student whose health would be put at risk by in-person instruction, as determined by the parent or guardian. Independent Study is a voluntary option for students. The District’s independent study program will meet all of the legal requirements for educational progress, grade-level standards, synchronous instruction, and student engagement. For pupils in transitional kindergarten and grades 1 to 3, inclusive, there will be opportunities for daily synchronous instruction for all pupils throughout the school year. For pupils in grades 4 to 8, inclusive, there will be opportunities for both daily live interaction and at least weekly synchronous instruction for all pupils throughout the school year. In addition, the revised policy updates the minimum period of time permitted for independent study to be three consecutive school days, requires an evaluation to determine if the student should continue in independent study if the student fails to make satisfactory educational progress, and requires that content be aligned to grade level standards. The policy was also updated to include the requirement for tiered reengagement strategies for students not generating attendance for a specified period of time, expeditious transition for students whose families wish to return to in-person instruction, notice to parents/guardians of specified information, the provision of a student-parent-educator conference, upon request, prior to enrollment and/or disenrollment, and the keeping of additional records including documentation of each student’s participation in live interaction and synchronous instruction on each school day, as applicable. Financial Impact: No financial impact to the School District at this time. Submission for Approval Prepared by: Wendy Kelly, Deputy Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
15Action Items
15.1Second Reading and Approval of Board Policy 6158 - Independent StudyAction
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Rationale: This policy was discussed as a First Reading at the August 11, 2021 board meeting and will be discussed for a Second Reading at the Public Hearing on August 25, 2021. Financial Impact: No financial impact to the School District at this time. Submission for Approval Prepared by: Wendy Kelly, Deputy Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
15.2Second Reading and Approval of Board Policy 3513.4 - Drug and Alcohol Free SchoolsAction
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Rationale: This policy was read and discussed at the August 11, 2021 board meeting . Financial Impact: No financial impact to the School District at this time. Submission for Approval Prepared by: Wendy Kelly, Deputy Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
15.3Second Reading and Approval of Board Policy 4033 - Lactation AccommodationAction
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Rationale: This policy was read and discussed at the August 11, 2021 board meeting . Financial Impact: No financial impact to the School District at this time. Submission for Approval Prepared by: Wendy Kelly, Deputy Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
15.4Second Reading and Approval of Board Policy 5141.21 - Administering Medication and Monitoring Health ConditionsAction
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Rationale: This policy was discussed at the August 11, 2021 board meeting. The paragraph in bold font was revised after discussion with County Counsel. Financial Impact: No financial impact to the School District at this time. Submission for Approval Prepared by: Wendy Kelly, Deputy Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
15.5Second Reading and Approval of Board Policy 7140 - Architectural and Engineering ServicesAction
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Rationale: This policy was discussed at the August 11, 2021 board meeting. Financial Impact: No financial impact to the School District at this time. Submission for Approval Prepared by: Wendy Kelly, Deputy Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
15.6Approval of Local Assignment Options in Areas of Special Skill and Preparation Outside of Credential AuthorizationAction
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Rationale: Ed Code 44258.7 (c & d) allows a credentialed teacher with special skills and preparation outside his or her credential authorization to be assigned with his or her consent to teach an elective provided the assignment is approved by a District Committee on Assignments. Ed Code 44258.3. (a) The governing board of a school district may assign the holder of a credential, other than an emergency permit, to teach any subjects in departmentalized classes in kindergarten or any of grades 1 to 12, inclusive, provided that the governing board verifies, prior to making the assignment, that the teacher has adequate knowledge of each subject to be taught and the teacher consents to that assignment. The Committee on Assignments met on August 10, 2021 and reviewed course description proposals provided by teachers and/or Principals for each assignment. The Committee is satisfied that each teacher on the attached list has consented to teach the proposed elective assignment and also that each teacher has met the requirement(s) for subject matter competence to teach the proposed elective assignment after an analysis of the background of Teacher Candidate and review of years of experience in a specialized area. Financial Impact: None. Submission for Approval Prepared by: Erin Kekos, Director of Human Resources Approved by: John R. Baker, Ed.D., Superintendent §
15.7Approval of Teachers Gaining Tenured StatusAction
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Rationale: The teachers on the attached list have met all requirements to attain tenured status. They are all credentialed and considered highly effective in their credential area. Financial Impact: None. Submission for Approval Prepared by: Erin Kekos, Director of Human Resources Approved by: John R. Baker, Ed.D., Superintendent §
15.8Approval of Provisional Internship PermitAction
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Rationale: Art Teacher - Kennedy (Lindsey Houseman) We are requesting a Provisional Internship Permit for Lindsey Houseman, an Art teacher at Kennedy Middle School. Ms. Houseman had a Bachelor of Science degree in Family Life Studies; and is planning on applying to programs to obtain her Single Subject Art California Teaching Credential. Ms. Houseman started working for the Redwood City School District during the 2020-2021 school year as one of our Guest Learning Hub Teachers and then filled a long term substitute position as an Art teacher at Kennedy with supervision, guidance, and feedback from her site supervisors at McKinley and Kennedy. Ms. Houseman's professionalism and passion for working with our students combined with her education makes her an ideal candidate for this position. All teachers need to complete coursework to finish their credential programs. A diligent search has been conducted for suitable credentialed teachers or suitable qualified internship teachers to fill these positions. Recently, Ms. Houseman completed 12 units in Art classes to fulfill the requirement of background knowledge at a local college. The Provisional Internship Permit (PIP) was created in response to the phasing out of emergency permits and became effective on July 1, 2005. It allows an employing agency to fill an immediate staffing need by hiring an individual who has not yet met the subject matter competency requirement needed to enter an internship program. The PIP is only available at the request of an employing agency. Holders of the PIP are restricted to service with the employing agency requesting the permit. The District will provide orientation, guidance and assistance to these teachers and will help them seek and enroll in subject matter training, such as workshops or seminars and site-based courses along with training in test-taking strategies to assist in meeting subject matter competence related to the permit. Public school districts must present this notice to the governing board in a public meeting. This must be an action item on the agenda and not part of the consent agenda. The PIP will be issued for one year and is renewable only once upon completion of renewal requirements. Financial Impact: None. Submission for Approval Prepared by: Erin Kekos, Director of Human Resources Approved by: John R. Baker, Ed.D., Superintendent §
16Board and Superintendent Reports
16.1Report from Board Members and SuperintendentReports
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Rationale: The School Board and Superintendent Baker will report out on meetings, attended events, upcoming events, school site visits, etc. Financial Impact: None at this moment. Submission for Approval Prepared by: Eliana García, Administrative Assistant to the Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
17Information
17.12021-22 Budget UpdateInformation
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Rationale: The Business Office will provide information regarding the potential impact of the following items on RCSD's 2021-22 Budget: Changes in RCSD's funding based on the Enacted State Budget Change in EDD Unemployment Insurance Rate Adjustments in Property Tax Distributions due to Court Orders: City of Redwood City vs. Department of Finance City of Chula Vista vs. Sandoval Comparison of 2020-21 P-Annual vs. P-2 Property Tax Reports Comparison of Assessed Valuation - FY 2020-21 vs. FY 2021-22 Accounting Changes & Other Updates on Covid-19 Resources Financial Impact: The full impact of the above items on the General Fund Budget will be presented at First Interim. Submission for Approval Prepared by: Priscilla Aquino-Dichoso, Chief Business Official Approved by: John R. Baker, Ed.D., Superintendent §
17.22020-21 Spring I-Ready ResultsInformation
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Rationale: The School Board will receive information regarding the May 2021 administration of the iReady districtwide assessment results. iReady is an integrated math and reading program that consists of the iReady Assessment (a K-12 adaptive diagnostic with standards mastery and growth monitoring) and i-Ready Instruction (a K-8 personalized learning program). In the 2020-21 school year, the iReady diagnostic exam was administered three times: October, February and May. Every effort was made to administer the May assessment in person to mitigate any issues with remote testing. The iReady assessment was administered in May rather than the CAASPP assessment as the yearend accountability measure required by state and federal guidelines. Tonight's presentation will show the growth in student results in language arts and math, districtwide, compared to the September administration of the exam. Financial impact: Approximately $130,000. Submission for Approval Prepared by: Liz Wolfe, Assistant Superintendent of Educational Services Approved by: John R. Baker, Ed.D., Superintendent §
17.3Information on San Mateo County Investment Fund - June, 2021Information
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Rationale: Education Code Sections 41001 and 41002 generally provide that all money received by or apportioned to a school district shall be paid into the county treasury "to be placed to the credit of the proper fund of the district". Pursuant to California Education Code Section 41015, the District may invest all or part of funds deposited in a Special Reserve Fund or any surplus monies not required for the immediate necessities of the District in any of the investments specified in California Government Code Sections 16430 or 53601. Historically, districts in San Mateo County have been depositing all of their funds to the county treasury. The County Treasurer has made investment decisions for the school districts, which is not a unique practice statewide. School district funds on deposit with the county treasury, along with funds deposited by other agencies, are placed in a County "investment pool", and profits and losses realized from these invested funds are shared among the pool participants in proportion to the amount invested. Financial Impact: The following are the gross pool earnings for fiscal year 2020-2021. Month End (June) 1.022%. 4th Quarter (April - June) 0.985% Fiscal Year End 2020-2021 1.230% Current average maturity of the portfolio is 1.81 years with an average duration of 1.77 years. The portfolio continues to hold no derivative products. Please copy and paste the link below to view the investment report for June, 2021: https://treasurer.smcgov.org/sites/tax.smcgov.org/files/June_2021a_Investment_Report.pdf Please copy and paste the link below to view the copies of the Investment Reports and the Compliance Reports: https://treasurer.smcgov.org/ investment-information Submission for Approval Prepared by: Priscilla Aquino-Dichoso, Chief Business Official Approved by: John R. Baker, Ed.D., Superintendent §
17.4Information on San Mateo County Investment Fund - July, 2021Information
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Rationale: Education Code Sections 41001 and 41002 generally provide that all money received by or apportioned to a school district shall be paid into the county treasury “to be placed to the credit of the proper fund of the district”. Pursuant to California Education Code Section 41015, the District may invest all or part of funds deposited in a Special Reserve Fund or any surplus monies not required for the immediate necessities of the District in any of the investments specified in California Government Code Sections 16430 or 53601. Historically, districts in San Mateo County have been depositing all of their funds to the county treasury. The County Treasurer has made investment decisions for the school districts, which is not a unique practice statewide. School district funds on deposit with the county treasury, along with funds deposited by other agencies, are placed in a County “investment pool”, and profits and losses realized from these invested funds are shared among the pool participants in proportion to the amount invested. Financial Impact: Gross earnings for the month ending July 2021 were 1.075%. Current average maturity of the portfolio is 1.83 years with an average duration of 1.79 years. The portfolio continues to hold no derivative products. Please copy and paste the link below to view the investment report for July, 2021: https://treasurer.smcgov.org/sites/tax.smcgov.org/files/July_2021_Investment_Report.pdf Please copy and paste the link below to view the copies of the Investment Reports and the Compliance Reports: https://treasurer.smcgov.org/ investment-information Submission for Approval Prepared by: Priscilla Aquino-Dichoso, Chief Business Official Approved by: John R. Baker, Ed.D., Superintendent §
18Correspondence
19Other Business/Suggested Items For Future Agenda
19.1Possible Other Business/Suggested Items for Future AgendaInformation
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20Board Agenda Calendar
20.1Changes to the Board Agenda ScheduleInformation
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Rationale: The following Schedule of Items for the 2021-22 School Board meetings (attached hereto) has been revised by administration. This schedule of board agenda items will be routinely updated, as needed. Financial Impact: None. Submission for Approval Prepared by: Eliana García, Administrative Assistant to the Superintendent Approved by: John R. Baker, Ed.D., Superintendent §
21Adjournment
21.1Adjourn the MeetingAction
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